Buckeye Institute Cautiously Lauds Ohio’s Credit Rating Rise, Warns Ongoing Discipline Will Be Crucial

Ohio Governor Mike DeWine’s announcement last week that Fitch Ratings upgraded the state’s credit rating from AA+ to AAA elicited both praise and caution from the Columbus-based Buckeye Institute.

Greg Lawson, research fellow at the center-right think tank, called the budgetary management to which state officials ascribed Fitch’s decision on Ohio’s long-term issuer default rating (IDR) “a mixed bag.” (The state has also seen its general-obligation bond rating rise from AA+ to AAA, its appropriation-backed bonds move to AA+ from AA, the Ohio School District Credit Enhancement Program Rating go to AA+ from AA and the Ohio Department of Transportation’s Portsmouth Bypass project obligations rating move to A+ from AA-.) 

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